09 May 2008 So Far, Equity Investors Believe
Posted at 16:13h in The Friday BriefThere remains at least one strong horse in theUSeconomy - exports. As the dollar falls in value relative to other currencies, American produced goods and services become more competitive in the global marketplace. Our trade deficits with creditor nations are shrinking dramatically. As a whole, our trade deficit is now 5% of GDP, down from a 7% peak. According to Credit Suisse it is only 3% when oil is excluded.